Congratulations on the appointment of Roberta Metsola to the president of the European Parliament, she was elected in a landslide victory. This is excellent news for Malta and its recognition on the world stage.
Would you like some assistance for a bolt-hole, Plan B, currency hedging or ‘Net a Plek’. Find out first-hand and participate in this free express webinar on Thursday 15th April at 18h00 (SA) on aspects particularly relevant for South Africans considering their options in relation to alternatives for investments that meet taxation and foreign exchange regulations.
Malta still tops the score in providing EU Residency and has revamped the options particularly beneficial for Non-EU citizens. Despite global turmoil, Malta continues to surpass their European counterparts with the robust economy, financial infrastructure and laudable handling of the Covid pandemic and vaccination programme.
A safe, well-connected island located in the Mediterranean it’s a safe environment, comfortable year-round climate, friendly and mostly English speaking population.
If you’re looking for someone to be your guiding hand to getting set-up in Malta; whether it’s understanding the people, the places, the permits, the property, procedures, day-to-day living (banking, shopping, medical etc) as well as moving your beloved pets.
Email malta@maltalifestyle.com
Book to attend https://www.eventbrite.co.uk/e/149141741965
The Independent Malta writes:
Financial experts believe that Malta is second only to Cyprus in bid to become the trading capital in Europe post-Brexit, the world’s foremost provider of in-depth knowledge in the field of multi-asset trading reports.
Headlines in Finance Magnates, 22/02/2021 | “Post-Brexit World. Which EU Country Will Become the New CFD Capital? London used to be the main FX/CFD trading hub in the European Union.”
In the latest edition of the Quarterly Intelligence Report, Finance Magnates Intelligence examines what representatives of brokerage firms involved in European operations think about the changes that may await the market as the Brexit transition period ends.
According to a survey, industry experts believe Cyprus, which is already the leading and most popular licensing jurisdiction for brokers looking to locate in Continental Europe, stands to gain the most from the changes (35%).
Exactly 24% of respondents believe that Malta will take over a large part of the brokerage business, followed by Germany (16%) and France (13%).
The last piece of the brokerage pie is expected to be filled by the CEE market, with Poland, among others being mentioned, the report says. In contrast to other EU countries, Poland offers an additional category of retail clients with a higher price-to-book ratio.
“I do believe Cyprus and Malta have a lot of potentials; however, it all comes down to the fine balance between protecting client interests and leaving some freedom to the brokers. Whoever does this best, ultimately wins,” Natalia Zakharova, Head of Sales at FXOpen, said.
See report here
Finding your EU Schengen solution can be easier than you think?
Investment | Diversification | Lifestyle | Plan B
Malta has much to offer on returns on investment for the property. With traditional healthy capital growth and attractive rental returns, earning are in Euros. The property purchase process is simple and the full service is offered for the management of your investment.
No local council taxes. Low taxation on rental income (15%). No inheritance tax (5% duty, immovable property). No tax on worldwide earnings. Double-taxation treaties.
Let me help you find something to put your hard-earned money to good use, protect your investment and put you mind at rest.
Email invest@maltalifestyle.com
Freedom Day, 31 March marks the withdrawal of British troops and the Royal Navy from Malta in 1979. This annual feast which usually features a variety of activities, such as the traditional regatta race was cancelled due to the situation of COVID-19.
Says Malta’s Prime Minister Robert Abela, “This is the modern Freedom Day we are fighting now – freedom from a pandemic… and, once we succeed in this, we can keep dreaming and achieving things for our country.” Abela added that he was convinced that the country would emerge victorious from “this period of collective sacrifice.”
Once again Malta’s resilience in times of trouble is evident in showing a robust health system and leadership which lead by Public Health Superintendent Charmaine Gauci has been acclaimed by WHO European regional director Hans Kluge who says Malta is a ‘country to follow’ as he praises the measures introduced to fight the spread of Coronavirus in Malta.
As a country that welcomes people from around the world for work, investment, retirement and tourism this island of around 450,000 population are vulnerable to a fast spread of the virus without stringent measures. First diagnosed around 3 weeks ago, there have been no deaths related to the virus and a number of recoveries have been recorded. In true Maltese spirit, people have rallied to assist each other, the elderly and those in service to the country. In collaboration with the government, a volunteer group of chefs are #feedingheroes.
Photo Credit: The Malta Weather Page
During WWII Malta was caught between its proximity to Sicily with Mussolini’s visions of a New Roman Empire and its pivotal position close to North Africa. It was also vulnerable because of war in the air as well as on the water. The small island became a target under siege. From 1940 to 1942 it fell victim to a plethora of high-altitude bomber raids and lower level Stuka attacks. Supply convoys were sunk by German U boats. Even when supplies reached the deep-water harbour of Valletta, they were bombed. Malta suffered more bombs in two years than even the Blitz in London; with the tragic accolade of being the most bombed place in the war.
Lack of food, medicines and water led to starvation, outbreaks of Polio, malaria and Typhus. The populace had been ordered not to wash hands because of the shortage of water. People hid in caves and dug tunnels to shelter from the raids. Through January to April
1942, some 30,000 buildings were destroyed, which included the classical opera house. George VI wrote to the Governor of the island on 15th April 1942 awarding the George Cross to the Maltese, “to bear witness to the heroism and devotion of its people”. It is one of only 2 collective awards of the medal.
The 7th March 1942 brought the arrival of the first squadron of 15 Spitfires and the first scramble on the 9th brought down a German 109. More were to arrive through the autumn of the same year. Their supremacy of speed and height in the air turned the tide and would impact on the success of the 8th Army at El Alamein. By June, Malta was desperately low on supplies and in danger of collapse. A huge relief convoy was planned, including a loaned American oil tanker, the Ohio. Nicknamed ‘Operation Pedestal’, the convoy set sail from Britain and as it crossed the Mediterranean, the Axis forces threw everything at the fleet, the HMS Eagle, an aircraft carrier, was the first to be sunk, 4 more navy warships and 9 merchantmen were also sunk or scuppered. On 15th August, after terrifying attacks throughout its journey, the remnants of the convoy arrived in Valletta with 55,000 tonnes of supplies. The food and fuel were jubilantly welcomed and were crucial to the war around the Mediterranean.
Islands with history make great places to visit. People who have gone through centuries of upheaval and survived conflict emerge with character.
extract By Paul Davis
https://www.kcwtoday.co.uk/2019/10/malta-under-siege/
With the updated Schengen Visa Code that introduced new rules on the procedures of applying for a Schengen Visa, the process for getting a 5-year multiple-entry visa to the EU has never been easier and clearer.
Though in the past, the EU Visa Code enabled travellers to get multi-entry visas for travelling to the Schengen member countries more than once, the rules for getting one were not well and clearly defined.
Now, the updated Visa Code that came into force on February 2, and applies to the embassies, consulates, and visa centres of all 26 Schengen members states abroad, introduces certain rules that visa applicants must meet in order to be granted a Schengen Visa.
A multiple-entry Schengen visa permits its holder to go in and out of the Schengen Area as many times as he or she wants, as soon as they do not violate the 90/180 rule. This means they do not remain in the Schengen zone longer than 90 days, within 180 days.
The Schengen Visa code has among others been updated to specify new, well defines rules regarding who will benefit from the multiple-entry visas. Among others, the code states that multiple-entry visas will be granted with a validity of one, three and five years, depending on applicants’ visa and travel history.
“…multiple-entry visas with a long validity shall be issued for the following validity periods unless the validity of the visa would exceed that of the travel document:
(a) for a validity period of one year, provided that the applicant has obtained and lawfully used three visas within the previous two years;
(b) for a validity period of two years, provided that the applicant has obtained and lawfully used a previous multiple-entry visa valid for one year within the previous two years;
(c) for a validity period of five years, provided that the applicant has obtained and lawfully used a previous multiple-entry visa valid for two years within the previous three years,” the updated Visa Code explains.
Aside from the frequency of travel to the Schengen Area, to get a multiple entry visa, a traveller must meet a few other requirements, as follows:
The traveller must have a reason why he/she needs to enter the Schengen Area multiple times in the following year(s).
The traveller must have a clean visa history, which means he/she never overstayed the validity of a visa in the Schengen Area or worked illegally.
The traveller must have a clean criminal record back at home.
The traveller must present traveller’s insurance for their first trip to the Schengen Area under the multiple entry visa applied for.
Source — https://www.schengenvisainfo.com/
With uncertainties across the global economy, the world’s wealthier citizens are diversifying their investments offshore to spread their exposure and risk. The Mediterranean island of Malta has become an attractive destination for tax-free investments, especially for South Africans in the current economic climate, says Malta resident and investment advisor, Merle Whale, who is currently visiting South Africa to host investment and relocation seminars.
“Malta is a very attractive destination for investment and retirement. There is no death tax in Malta and Malta residents are afforded protection from double taxation within a network of taxation treaties,” Whale explains.
Whale is South African but has lived in Malta for 10 years, sharing her residency experience and advice with other South Africans considering retirement, relocation or investment in the island nation.
“Non-citizens living in Malta are taxed only on their Maltese source of income and capital gains, and not on their total global income. Foreign source capital gains are not taxed even if remitted to Malta.”
Malta has positioned itself to take advantage of the global retirement market, as well as the investment market wanting to diversify assets. There are a variety of residency programmes, from the Malta Retirement Programme; Ordinary, Long Term and Temporary Residence; a Global Residence Programme; and a Highly Qualified Persons Programme.
“The property market is also dynamic and non-residents who wish to invest a lump sum offshore, are advised to consider Malta, as there are lucrative opportunities in the buy/rental market,” says Whale.
“There are no council taxes, low rental taxation, and high demand for rental properties. Anyone can own a property in Malta, even without residency.”
A huge benefit, says Whale, is that English is widely spoken on the islands, and contracts are in English. “If you decide to purchase a property in Malta for an investment, there is no death tax, only a small death duty of 5% on immovable property; with buy to rent, there is only a 15% tax on that income in Malta; no council tax; insurance is low; and there is no charge for garbage removal or sewage, only water and electricity.”
Malta offers an enviable lifestyle with some of the best residency schemes and citizenship by investment programmes, in Europe – and without additional hidden costs,” Whale explains.
Malta also enjoys popularity as a top global destination to retire in, prioritising safety, health services and a competitive cost of living, with favourable residency/citizenship options.
“Because the island is so small, there are big drives for key business focuses around tourism, financial services, fund management and the aviation industry. iGaming is also big business in Malta; it’s also attractive for pharmaceuticals as it is easier for them to register product here within the EU, and Malta also boasts the largest registration of pleasure boats in the Mediterranean.
“I am seeing significant numbers of South Africans investing overseas and comfortably living off the money they invest offshore. Some are selling their homes in South Africa, investing in property elsewhere and living off the rental income, while renting another property locally.
“And with Brexit, Malta is giving all British citizens a 10-year Visa. No other country within the EU has done that.”
Investment Seminars
Seminars are being held on the following dates across SA to discuss the Malta investment options. BOOKING is essential:
JOHANNESBURG: 10 March 2020, 2.30pm & 6pm, Balalaika Hotel.
DURBAN: 12 March 2020, 2.30pm & 6pm, The Oyster Box.
CAPE TOWN: 16 March 2020, 2.30pm & 6pm; Belmond Mount Nelson Hotel.
Limited pre-booked one-on-one consultations are available after each session
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The smallest EU state in size, yet one of the largest in terms of personality and heart, Malta is a veritable paradise to those in search of a beautiful climate, friendly locals and a thriving economy. Chances are that if you’re reading this article, you’re one of the many who have decided on settling in Malta and making our sunny shores your home! As with any other move to another country, it’s good to familiarise yourself with certain issues beforehand; the team at Frank Salt Real Estate shares some tips on surviving your first month in Malta.
1. Summer Sweatin’, Happens So Fast…
(Apologies to any Grease fans out there).
Maltese summers are not to be underestimated! If you’re planning to move some time between the end of June and the beginning of September, be prepared for high temperatures. The good news is that the islands (including Gozo and Comino) are full of beautiful beaches and fun seasonal events held in several localities. Bring plenty of sunblock and start preparing those Instagram hashtags from now!
2. We Drive On the Left. Yes, the Left
One of the biggest culture shocks for new expats when settling in Malta is getting used to driving on the left instead of the right. It’s not uncommon to see a bewildered foreigner blinking in confusion just before a zebra crossing! However, once you get used to it, the distances are relatively very short, and there’s a lot to see and do while on the road.
3. When in Doubt, Catch a Bus…
If you’re not feeling up to braving the roads during your first month in Malta, we recommend getting a Tallinja bus card – the easiest and cheapest way to use the local public transport.
4. … Or a Boat
The Maltese and Gozitans hop between islands by means of a regular and inexpensive ferry service, which only takes about 20 minutes to and fro. The smallest island, Comino, can also be reached the same way.
5. Get Carded
To simplify your daily life in Malta, apply for a residency I.D Card. You’ll need your passport, work contract, an employment certificate from Jobsplus and a tenancy agreement. After you have all your documents in order, head over to the ID offices in Valletta (and afterwards, explore the wonders of this historical capital city!)
6. Accommodation
Maltese real estate has plenty to offer expats, from property facing the stunning sea to apartments or houses in the middle of a quiet village. Generally, renters are expected to pay a deposit along with one or two months’ rent upfront before moving in.
Are You Thinking of Settling in Malta?
The team at Frank Salt Real Estate is here to help you get through your first month in Malta! Contact us today and we’ll put you in touch with one of our friendly and experienced property consultants. Let one of our estate agents find your perfect home while you attend to other important matters of moving.
Article Written By Frank Salt Real Estate
Would you like an easy, affordable off-shore property investment in a safe European location?
Malta is one of the most attractive destinations in the EU & Schengen area where you can easily invest in a buy-to-let or leisure property irrespective of residency in Malta or an onerous number of days spent in the country. Income is earned in Euros at low taxation rates, no council taxes charged, low running costs and no death tax buy only a 5% inheritance transfer on immovable property.
Whether for Investment, Leisure, Portfolio Diversification, Retirement, Professional development, Plan B, or a Nest Egg, Malta could be just the right place for you.
Find out first-hand how to make this possible by attending one of the free seminars being presented in Johannesburg on the 10th, Durban on the 12th and Cape Town on the 16th March.
Information presentations will be made by leading real estate, financial and legal professionals, as well as the chance to interact with Merle Whale a South African who has made Malta home and has assisted others to do the same.
The seminar is a 45-minute presentation followed by optional pre-booked one-to-one appointments with a consultant with no obligations.
Booking essential and assigned on a first-come-first-served basis. Previous events standing room only
BOOK NOW!
www.maltalifestyle2020.eventbrite.com
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